
Unit 2 Test
Flashcard
•
Life Skills
•
12th Grade
•
Hard
Wayground Content
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45 questions
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1.
FLASHCARD QUESTION
Front
A personal net worth statement shows a person’s cash inflows and cash outflows for a period of time.
Back
False
2.
FLASHCARD QUESTION
Front
The first step of the decision-making process is
Back
Define the need
3.
FLASHCARD QUESTION
Front
A goal you expect to achieve by next year would be classified as a short-term goal.
Back
True
4.
FLASHCARD QUESTION
Front
The amount of money a person has to spend after needs are met is called
Back
disposable income
5.
FLASHCARD QUESTION
Front
Is your NET WORTH measured by using the personal cash flow statement?
Back
False
6.
FLASHCARD QUESTION
Front
Financial goals should be set before personal goals, because your personal goals will be dependent on them.
Back
False
7.
FLASHCARD QUESTION
Front
What should you do if your budget does not balance?
Back
any of these
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